UVXY LONG Entry at 1.618, 1.27, end of ABC = 3 reasons to enter
I'm not giving trading advice or recommending anyone take this trade, just posting my idea and what I plan to do. Good luck everyone!
The chart tells me we are looking for volatility to pick up with:
A) Quarter 2 results coming out mid-July with expected poor results.
B) Stimulus checks likely to be issued pointing to need.
C) Going into election uncertainty
D) COVID numbers possibly causing additional concerns/uncertainty.
E) Questions of how markets can be at, or near, all-time highs with sectors hard hit.
F) etc.
G) AND most importantly: The chart reads this!
TVIX is being delisted July 12th so I would avoid TVIX and consider UVXY
* Note the possible 3 drive (in black) reacting today
The chart tells me we are looking for volatility to pick up with:
A) Quarter 2 results coming out mid-July with expected poor results.
B) Stimulus checks likely to be issued pointing to need.
C) Going into election uncertainty
D) COVID numbers possibly causing additional concerns/uncertainty.
E) Questions of how markets can be at, or near, all-time highs with sectors hard hit.
F) etc.
G) AND most importantly: The chart reads this!
TVIX is being delisted July 12th so I would avoid TVIX and consider UVXY
* Note the possible 3 drive (in black) reacting today
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.